Tradewinds Capital Management LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

Tradewinds Capital Management LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 740.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,697 shares of the retailer’s stock after purchasing an additional 4,138 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Walmart were worth $283,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. WFA Asset Management Corp raised its holdings in Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after acquiring an additional 1,397 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Walmart by 166.7% in the first quarter. Sivia Capital Partners LLC now owns 12,645 shares of the retailer’s stock valued at $761,000 after purchasing an additional 7,903 shares during the last quarter. Monument Capital Management lifted its position in Walmart by 23.5% during the first quarter. Monument Capital Management now owns 28,022 shares of the retailer’s stock worth $1,686,000 after buying an additional 5,332 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after buying an additional 8,144,393 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC acquired a new position in Walmart during the first quarter worth $922,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock opened at $68.24 on Friday. The business has a 50 day moving average price of $64.57 and a 200 day moving average price of $59.71. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market cap of $548.89 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 3.93 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The disclosure for this sale can be found here. Insiders sold a total of 14,525,340 shares of company stock valued at $953,023,399 over the last ninety days. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. Barclays upped their target price on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. TD Cowen raised their price objective on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Morgan Stanley increased their price target on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $66.00 to $81.00 in a research report on Monday, June 10th. Finally, The Goldman Sachs Group increased their price objective on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.